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Home My WebLink About0500 • - b - ~u~ount of the loan evidenced by ~he Note, interest and other charges, as ~rovided in the ~ota, the ~:ortga~ee may at its option make such payment. ~very payment so ~ade by t'ne lYiortgagee (including reasonable at~orney's ~ees incurred t'r,ereby), with interest thereon from the date of such pay- :Lent, at the rwte of three per cent per annum, except ~ny payment ~or which a differenz rate of interest is specified herein, shall be pay- able by the :iortgaeor to the Mortgagee on demand and s'nall be secured by ~his Mortgage. This Mortgage with respect to any sucti a.mourt and t'ne in- terest thereon, shall constitute a lien on t~e Mortgaged property prior to any other ~ien attaching or accruing subsequent to the lien of this ~ ; :~iortgage . 10. `"he Alortgagee, by any oi its agents or representatives, shall iave the righti to inspect the mortgaged property from time tfl time at any reasonable ho~r of the nay. Should the mortgaged property, or any part ~hereof, at any time require inspection, repair, care or attention of any ' _ _ - - _ . - _ - - _ _ _ - - :tind or nature not provicied by this Mortgage as determined by the Mort- ; ~agee in its sole discretion, the Nortgagee may, after notice to the ~•:ortga~or, enter or cause entry to be made upon, the mortgaged property, ~ and inspect, re~air, protect, care for or maintain such praperty, as the i ::~rtgagee may in its sole discretion deem necessary, and may-pay all amounts of money ~herefor, as the Mortgagee may in its sole discretion deem necessary. 11. ihe princ~x~al a.mount owing on the Note together with interest ~hereon and all other charges, as therein provided, and all atber a.mounts oz monGy owing by the Mortgagor ~o the Mortgagee pursuant to and secured . , by this Mortgage, s:~all immediately beco~e due and payable without notice ~ ~r demand upon the appointment of a receiver or liquidator, whett~er vol- ~ untarg or involuntary, for the Mortgagor or any of the property oi the =~:ortgagor, or upon the filing of a petition by or against the Mortgagor ; under the ~ravisions oi any State insolvency law, or under the provi- ; sions of the Bankruptcy Act of 1898, as amended, or upon the ma~cing by ; the Mortgagor o~ an assignment for the benefit of the ~iortgagor's cre- ~ ditiors. i'ne :~~or~gagee is authorized to declare, at its option, all or ~ ~ny part oT suc~ indebtedness immediately due and pay2ble upon the happening ~ of any of the f~llowing events: , ~ ~ (a) Failure to pay the amount of any installnent of principal ~ and interest, ar other charges payable on the RTote, which ~ sh4~11 have become due, prior to the dae date o~ the next suc'n installment; ~ (b) iVonperformance by the Mortgagor of any covenan~, agreement, ~ i ~ ter~ or condit~on oi thia Mortgage, or of the ~ote (exce~t ~ as otherwise provided in subdivision (a) hereof) or of ar,y ~ ~ ot:~er agreement heretofore, herewith or t~ereaf~er nade by ~ ~he I~ior~gagor with the Mortgagee in connection with such ~ indebtedr.ess, after the Mortgagor has been given due notice , ; ~ t':~e :~ortgagee af such nonperformance; ~ ~ ~ (c) Fa~iure of the i~ortgagor to perform any covenant, agre~ment, ~ tera~ or condition in any instrument creating a lien upon the ~ ~ ~ . ~ ~ BooK 182 ~E 498 ~ ~ . j n',~ P~`~? m, n , . _ . _3 . . ~